Vertiv Holdings Co (NYSE:VRT) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC reduced its holdings in Vertiv Holdings Co (NYSE:VRT) by 15.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,174 shares of the company’s stock after selling 400 shares during the period. Atlas Capital Advisors LLC’s holdings in Vertiv were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Vertiv by 19.1% during the 2nd quarter. Signaturefd LLC now owns 5,610 shares of the company’s stock worth $486,000 after purchasing an additional 901 shares during the last quarter. KCM Investment Advisors LLC lifted its position in Vertiv by 37.2% during the second quarter. KCM Investment Advisors LLC now owns 24,135 shares of the company’s stock worth $2,089,000 after buying an additional 6,540 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Vertiv by 1,219.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 374,584 shares of the company’s stock worth $32,427,000 after buying an additional 346,200 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Vertiv by 6.1% during the second quarter. Principal Financial Group Inc. now owns 31,208 shares of the company’s stock worth $2,702,000 after buying an additional 1,789 shares during the last quarter. Finally, Highview Capital Management LLC DE purchased a new stake in Vertiv in the 2nd quarter valued at $1,109,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VRT. The Goldman Sachs Group reduced their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Evercore ISI reissued an “outperform” rating and issued a $105.00 price target on shares of Vertiv in a research note on Thursday, August 15th. TD Cowen raised their price target on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Bank of America upped their price objective on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $96.22.

Vertiv Trading Up 3.9 %

NYSE VRT traded up $3.09 on Friday, reaching $83.01. The stock had a trading volume of 7,099,304 shares, compared to its average volume of 8,648,493. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The stock has a fifty day moving average price of $82.09 and a two-hundred day moving average price of $83.28. Vertiv Holdings Co has a 12-month low of $34.60 and a 12-month high of $109.27. The firm has a market capitalization of $31.07 billion, a price-to-earnings ratio of 78.13, a P/E/G ratio of 0.97 and a beta of 1.58.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Monday, June 17th. Vertiv’s payout ratio is 9.62%.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.